A person can sue for nonperformance even if it is an illegal contract

A segment of Mega, Inc, manufactures and sells blankets. The various models of blankets are produced in a single factory using stable technology. They are sold by the sales department, also located in the factory. The segment is most probably accounted for as a(n)

A) cost center. B) revenue center. C) profit center. D) investment center. E) none of these.

Which of the following is incorrect with regard to treasury shares?

A) No dividends may be paid on treasury shares. B) They are issued but not outstanding. C) A corporation may sell treasury shares for any amount the board of directors determines, even if the shares have a par value that is more than the sale price. D) The concept of treasury stock was created by the MBCA and is carried forward in the RMBCA.